In Economics,welfare Analysis Is Useful to

question 31

Multiple Choice

In economics,welfare analysis is useful to

• A) gauge the validity of "mend it, don't end it."
• B) determine who should receive income transfers.
• C) determine who gains and who loses in a particular policy option.
• D) prove which policy option is "best."

---

Definitions:

F Statistic

A ratio used in an analysis of variance test that determines the significance of groups’ differences in an experimental design.

ANOVA

An acronym for Analysis of Variance, a statistical method used to compare the means of three or more samples.

Main Effect

The direct effect of an independent variable on a dependent variable in experimental and statistical analysis.

Step-aerobics

Step-aerobics is a form of aerobic exercise that involves stepping on and off a raised platform, often to the rhythm of music, to improve fitness and cardiovascular health.